PT Telekomunikasi (Telkom) is Indonesia’s fixed-line incumbent. Its shares are traded on the Jakarta, Surabaya, London and New York Stock Exchanges. The Indonesian government holds a majority stake. Telkom owns and operates Indonesia’s PSTN and has a CDMA-based limited mobility fixed wireless network in most cities. In 2002, the government granted IDD incumbent, Indosat, a licence to provide local fixed-line services, breaking Telkom’s monopoly. In May 2004, Telkom received a licence to provide IDD services. Telkom provides mobile services through Telkomsel, owned 65% by Telkom and 35% by SingTel, the largest provider of GSM services in Indonesia, with over 50% market share.
As you know, I have resigned from the Labor Ministry and have decided not to re-contest the seat of Charlton at the next election – both for personal reasons.
Before leaving Parliament, I particularly wish to record my thanks to you for your generous and constructive participation in the deliberations that generated significant economic policy reforms for the Australian community. Continuous economic transformation is a key challenge that faces all Governments.
The development of sound public policy should always be contestable. Ultimately, good and equitable outcomes are not concessions to any particular interest group, but the careful balancing of interests to create the greatest possible benefit for the nation. You have contributed to that, and I sincerely thank you for it.
Greg Combet, Former Minister for Climate Change, Industry and Innovation